Self Storage- Big Hat, Little Cattle, or the Cattle Cycle
Saturday, February 06
"“Build” Self Storage in Texas, California, Oregon and Washington.” One dot means nothing, two dots is a possible trend, three or more dots in the same direction is a trend. Hindsight is always 20/20. You can’t read the future (actually you can, read the Cattle Cycle). Etc, etc. Forget the politi...
Self Storage- So you just died. Did you send your family to Hxxx?
Tuesday, February 02
There was no reason, but the day I hit 30, I realized it was “ME”. Everyone around my family was doing fine, work was great, it was a nice day. Just for some reason, I realized I was the person in charge of my life. Its not like I all of a sudden matured. Paid my way thru college, top of the clas...
Self Storage- Driveways
Wednesday, January 27
Have been plowing snow for the last 2 1/2 days. Was at one of the locations and I cut to deep and got into the driveway base. It was Pea Gravel. This doesn't happen at our other locations where it is either Concrete or crushed rock. So I got to thinking about driveways. It's pretty boring pushing...
Self Storage- New Investor Focus
Monday, January 25
Wrote this for a Single Family/Multi Family new investor, who was having trouble focusing after three weeks entering Real Estate investing. Adapt to fit Self Storage.Lets see where your at:Step 1: "Financial FOCUS"- What are you financing capabilities? Determine this so you can narrow your search...
Self Storage- Cost Segregation Basics
Monday, January 25
Would prefer to write a post on how we cleared 8 to 12 inches of snow at 4 locations in 4 hours, but that's not going to happen. Have about 3 inches on the ground in the last 3 hours. The rest is supposed to fall through now, 12:30 pm to 6 am. All of the equipment is filled up. Skid steer engine ...
Self Storage- Site Selection, Avoiding large REITS
Friday, January 22
Had a new investor ask how to avoid large REIT competition when selecting their first Storage location. Lets understand their "normal" business model first:a. Onsite management, lowers their margins and causes increased prices.b. Climate controlled, which is cheaper if you build multi level versu...